339 Hanover Ave, Oakland, CA 94606
339 Hanover Ave, Oakland, CA 94606
339 Hanover Ave, Oakland, CA 94606
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,495,000
Est. payment /mo
7,248 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Lakeshore/Grand

MLS Listing ID 41134984

HOA Y/N No

Year Built 1910

Lot Size 7,248 Sqft

Property Sub-Type Triplex

Property Description

Experience the best of Oakland living with this stately and versatile multi-family residence nestled in the heart of the vibrant Cleveland Heights neighborhood. This impressive property blends early 20th-century architectural character with the spaciousness and flexibility required for today's urban lifestyle. Featuring 3 spacious multi-bedroom units and a bonus studio cottage, off street parking, basement laundry and storage and ~ 4,190 sqft of living space on a 7,250 sqft lot, the property is yielding a solid gross income of over $138,000/yr with a currently projected cap rate of 6% for the savvy investor seeking a high-demand location. It has previously been an ideal owner-occupant home with great rental income, and could serve in the future as a great multi-generational living setup with a large level yard and decks. Situated just a block from the iconic Lake Merritt and Lakeside parks, 339 Hanover puts you at the center of it all with multi-cultural dining options, Trader Joe's and all the amenities of Grand and Lakeshore Avenues, downtown Oakland and nearby Jack London Square. Commuting is a breeze with close proximity to AC Transit, Lake Merritt BART, and major freeways to San Francisco and greater East Bay.

Location

State CA

County Alameda

Interior

Heating Forced Air

Flooring Carpet, Tile, Wood

Fireplace No

Appliance Gas Water Heater, Dryer, Washer

Exterior

Parking Features Assigned, Carport

View Y/N Yes

View Lake

Roof Type Composition,Shingle

Total Parking Spaces 3

Building

Lot Description Back Yard, Street Level

Others

Tax ID 2230911

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Virtual Tour https://sites.listvt.com/mls/246460896

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Listed by Perry Riani Compass #01402540

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